Facing insolvency or bankruptcy is incredibly stressful. Especially when you have a business to run. And if it is your family business the upset is even worse.

Insolvency in a time sensitive issue. The longer you leave payment, the more serious the consequences can be. As such, if you or your business is struggling with debt, it is vital you take immediate action.

Our insolvency solicitors can help you with;

  • Avoiding insolvency if you are in financial trouble
  • Negotiating repayment plans with your creditors
  • Protecting your family assets if a family member becomes insolvent
  • Bankruptcy
  • Corporate insolvency
  • Statutory demands
  • Annulment of bankruptcy
  • Individual Voluntary Arrangements (IVA)
  • Company Voluntary Agreements (CVA)
  • Insolvency disputes (including Directors Guarantees)
  • Debt management
  • Financial crisis management
  • Liquidation
  • Receivership

 

The difference between insolvency and bankruptcy

Insolvency is your financial state. When you are insolvent, you are not able to pay your debts when they are due.

Individuals or businesses can become insolvent. However, the term most often refers to businesses.

There are two types of insolvency. A business can become insolvent in one or both ways at the same time.

  1. Cashflow insolvency: Is when your business does not have enough liquid capital to debts. But it does have illiquid assets.
  2. Balance sheet insolvency: Is when your company’s debts are greater than both its liquid and illiquid assets.

Insolvency can happen quickly. All it could take is the loss of a big contract, or customers failing to pay their debts.

Bankruptcy is a legal process or court order issued when a business can no longer pay its debts. This means you are already insolvent when applying for bankruptcy.

Bankruptcy may or may not the best solution for you, so it is important to seek legal advice.

 

Can you help keep my debt private?

We understand how sensitive debt and insolvency is. Especially for those who own businesses and people in the public eye.

When we negotiate with your creditors, we can make sure any settlement includes a confidentiality agreement. This will help to keep your debts private.

 

Why choose Rothera Bray?

If you are struggling to pay down your debts, we understand that it will be an emotionally tough time.

Our insolvency and bankruptcy solicitors can offer compassionate advice and provide a solution tailored to your circumstances.

We have vast experience of helping business owners and individuals with their debt, insolvency, and bankruptcy issues.

We can offer help, support and guidance on your legal position and the possible consequences of becoming bankrupt or insolvent



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Ruth Ball is a Managing Associate and Head of Insolvency at Rothera Bray Solicitors

“At what can be a stressful time, our expert team will help you find the clarity you need.”

Ruth Ball
Managing Associate and Head of Insolvency

If you’re happy then we’re happy too.

Contact our Debt Recovery Team
Insolvency lawyers
Richard Bates, Head of the Dispute Resolution department and Partner at Rothera Bray

Richard Bates

Partner & Head of Dispute Resolution

Richard Bates leads the  Dispute Resolution team at Rothera Bray. Richard is a litigation specialist and can provide a wide range of services to both commercial and private clients.

Caroline Bowler, Equine Law Partner at Rothera Bray.

Caroline Bowler

Partner

Caroline Bowler is a partner in our Dispute Resolution team and an equine law specialist at Rothera Bray, which is the Official Legal Partner to British Dressage and The British Show Pony Society. She works from our Lace Market office and has been described as “one of the best equine lawyers” in the Legal 500.

James Carley

James Carley

Partner

James is a Partner in the Dispute Resolution department and is very experienced in dealing with commercial and personal litigation matters.

Richard Hammond is a Partner and Head of Risk and Compliance at Rothera Bray

Richard Hammond

Partner & Head of Risk and Compliance

Richard Hammond is a Dispute Resolution specialist and mediator at our Lace Market office in Nottingham. Richard is also a notary public, processing client documents for international use.

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Nicky Calthrop-Owen

Consultant

Nicky Calthrop-Owen is an Insolvency and Restructuring Consultant and is based at Rothera Bray’s Nottingham office.

Kendal Litherland

Kendal Litherland

Consultant

Kendal Litherland is a Consultant in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Ruth Ball is a Managing Associate and Head of Insolvency at Rothera Bray Solicitors

Ruth Ball

Managing Associate & Head of Insolvency

Ruth Ball is a Managing Associate and the Head of Corporate & Individual Insolvency at Rothera Bray and is based at our Lace Market, Nottingham office.

Terhi Sygrove is Rothera Bray's Recoveries Manager

Terhi Sygrove

Recoveries Manager

Terhi Sygrove is a debt recovery specialist and head of the debt recovery department at our Lace Market, Nottingham Office.

Jade Belcher, Associate Solicitor

Jade Belcher

Associate Solicitor

Jade Belcher is an Associate Solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Tom Barry, solicitor at Rothera Bray

Tom Barry

Solicitor

Tom is a Solicitor in our Dispute Resolution department and is based at our Lace Market office.

Amrita Johal webp

Amrita Johal

Solicitor

Amrita Johal is a solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Millie Moreton

Millie Moreton

Solicitor

Millie Moreton is a Solicitor in Rothera Bray’s Dispute Resolution team and is based at our Lace Market office.

Jayde Pullar is a Senior Paralegal at Rothera Bray Solicitors.

Jayde Pullar

Senior Paralegal

Jayde Pullar is a Senior Paralegal in Rothera Bray’s Dispute Resolution team and is based at our Lace Market, Nottingham office.

Eleanor Kivneen

Eleanor Kivneen

Paralegal

Eleanor is a Paralegal in our departments for Dispute Resolution for Individuals and Dispute Resolution for Businesses. She is based at our Nottingham Lace Market office.

Wendy Lawson

Wendy Lawson

Paralegal

Wendy Lawson is a Paralegal in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Find out how Rothera Bray can help you